Performance

Impressive performers abound as TOPIX rally buoys long/short equity

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A major market rally on the month saw TOPIX rising over 10%. Most Japan long/shorts were in positive territory with some posting exceptional results.

Sector Zen was up 11.59% to take three-month numbers to 15.82% and Strategic Evarich saw a 10.37% month leave three- month figures at 14.93%. Myojo Riodas was up 14.25% on the month taking first quarter returns to 0.55%. During the month the fund benefitted from long positions in steel and electric components.

Hachiman Japan was up 6.17% for the month which left three-month figures at 10.03%. Gains came from the long book with Alps